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Home » News » Financial News

Financial News

Aegean expects Q4 $28.2m loss; 2018 'likely to be another tough year'
21 Feb 2018 09:32 GMT
Company believes 'transformation' will result in 'significant value' for shareholders over time.

Aegean buys Melissanidis-owned firms; founder's group to become biggest shareholder
21 Feb 2018 07:16 GMT
Boardroom power play as acquired firm is set to nominate three board members - including founder's son George.

Viking Line's bunker costs jump 18.3% in 2017
16 Feb 2018 13:39 GMT
Ferry operator notes that bunker prices this year "are expected to be higher than in 2017".

Vopak's net profit dips 12% in 2017
16 Feb 2018 12:18 GMT
Terminal operator achieves 'satisfactory performance' in 2017; expects to 'significantly improve' EBITDA in 2019.

Odfjell posts rise in FY and Q4 2017 bunker costs
16 Feb 2018 10:24 GMT
Average bunker cost per tonne was up 10.6% in 2017.

Maersk Line spent $1.2bn more on bunkers in 2017; average price was highest since 2014
14 Feb 2018 10:25 GMT
Boxship giant's annual spend jumped 57.1% to $3.2bn last year.

Brightoil confirms early $9.6m redemption of listed bonds
13 Feb 2018 10:40 GMT
Bondholders had the right to redeem them following the suspension in trading of Brightoil's shares.

Scorpio Bulkers COO voices scrubber 'scepticism' once again
08 Feb 2018 12:13 GMT
Scrubber legislation, existing technology and the availability of fuels in 2020 all 'stand in the way' of long-term decision making, says Mackey.

Scrubbers not a long-term solution: DHT Holdings CEO Harfjeld
07 Feb 2018 13:01 GMT
Charterers 'concerned' about availability of compliant fuel, says co-CEO of fleet owner with scrubbers installed.

Neste posts EUR 914m profit in 2017
07 Feb 2018 12:19 GMT
Finnish firm says the broadening of its low-sulphur marine fuel portfolio was a 'special focus' in 2017.

Ecoslops reports 'very strong business growth' in 2017
01 Feb 2018 15:18 GMT
Highlights include 40% rise in revenue and 30% increase in production.

MOL sees average bunker price jump 23% in Q3
31 Jan 2018 12:05 GMT
Japanese shipowner paid an average $376 per tonne in the third fiscal quarter.

Kaeline Group acquires Sea Bunkering International
24 Jan 2018 07:23 GMT
Kaeline aims to drive growth of bunker and lubricant volumes with acquisition.

Quadrise 'not aware of any specific reason' for 32% drop in share price
22 Jan 2018 12:45 GMT
MSAR supplier expects fuel production and combustion phases in Saudi Arabia to be completed in Q1 and H2 respectively.

Global Risk Management forms new board of directors
12 Jan 2018 10:31 GMT
Move is linked to Global Risk recently obtaining a licence as an investment firm.

Schulte strengthens position in LNG market with Pronav purchase
11 Jan 2018 11:35 GMT
German group has said it aims to develop several LNG bunker ships in the future.

Societe Generale is first bank to join SEA\LNG coalition
10 Jan 2018 07:44 GMT
Brings a financial perspective to the group, which aims to accelerate the uptake of LNG as a marine fuel.

Energy Petrol reports 10% sales growth in 2017
09 Jan 2018 09:48 GMT
Supplier sold 410,000 tonnes last year and is now focused on preparing for 2020.

Hapag-Lloyd revises bunker charges for February
03 Jan 2018 16:21 GMT
Surcharges cover North Europe; the Mediterranean and Black Sea; and the Middle East, Indian Subcontinent and Africa.

Bermuda Container Line to raise bunker surcharge
02 Jan 2018 14:41 GMT
New fees are to be implemented towards the end of January.

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